Westfield Capital Management Co. LP Has $28.30 Million Stock Position in SPX Technologies, Inc. $SPXC

Westfield Capital Management Co. LP reduced its stake in SPX Technologies, Inc. (NYSE:SPXC) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,462 shares of the company’s stock after selling 4,237 shares during the quarter. Westfield Capital Management Co. LP owned 0.28% of SPX Technologies worth $28,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPXC. State of Wyoming lifted its holdings in shares of SPX Technologies by 226.2% in the fourth quarter. State of Wyoming now owns 3,340 shares of the company’s stock valued at $668,000 after purchasing an additional 2,316 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of SPX Technologies by 1.6% during the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after buying an additional 50 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SPX Technologies by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 326,815 shares of the company’s stock worth $65,383,000 after buying an additional 9,567 shares in the last quarter. New Mexico Educational Retirement Board acquired a new stake in SPX Technologies in the 4th quarter valued at approximately $2,041,000. Finally, Hazlett Burt & Watson Inc. raised its position in SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after buying an additional 85 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SPXC shares. BMO Capital Markets began coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target on the stock. Wells Fargo & Company lifted their target price on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Bank of America raised SPX Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.44.

SPX Technologies Price Performance

NYSE:SPXC opened at $227.93 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average price is $211.57 and its two-hundred day moving average price is $213.10. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 1.73 and a beta of 1.28. SPX Technologies, Inc. has a 12-month low of $152.79 and a 12-month high of $246.68.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same period in the previous year, the company posted $1.38 EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, analysts anticipate that SPX Technologies, Inc. will post 7.98 earnings per share for the current year.

SPX Technologies Company Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.